Buy it for the right amount, as you make your money when you buy, Fix it, rent it , refi cash out , but do not take to much as you want cash flow, Its not rocket science, RE 101, Oh almost forgot, hire a PM co, the fees are meaningless, All the best 

It depends on your market, theses super inflated markets like Austin, Colorado, and Indianapolis will see a larger correction than the rest

Challenge is, you with the new STR laws in Placer Co, there are no guarantees there will be a permit for you once you buy as they have a cap now and they are reviewing new applications starting this month, up til they reach the cap. 

You want to avoid co-mingling funds so it's best to hold the deposit in an entirely separate account.

Having an agent when most listing agents refuse to co-broke is also out of my control.

I do not qualify for an FHA loan as I do not have 2 years work history at my current job and do not have substantial income.I have great credit and don't have major debts under my name (except co signing on my cousins car 4 months ago).

My brokerage works exclusively with investors and I've had the benefit of learning from all of my co-workers who are experienced in qualifying investors as well as identifying which deals have the greatest potential for profit.

Purchase price: $355,000 Cash invested: $60,000 First deal: MTR in CO Springs.

Not quick lipstick deals and important to study and co-create your SOW.

In Colorado we can use the buyers agent commission towards a down payment too, so if your state has similar rules, you could get into the property with really 2-3% down and rent out your current house.